Market has broken and retested the daily 105.190 zone in the bearish direction. It further broke and retested the 4hr zone (upper blue rectangle ) in the bearish direction. Market is making lower lows.
Market has formed a tight triangle in the 1hr timeframe with expected break in the bearish direction below the 4hr zone (lower blue zone).
Confirmation: Bearish engulfing / marabozou candle closing below the 4hr zone (lower blue zone).
Trade: At close of the confirmed candle.
Market has formed a tight triangle in the 1hr timeframe with expected break in the bearish direction below the 4hr zone (lower blue zone).
Confirmation: Bearish engulfing / marabozou candle closing below the 4hr zone (lower blue zone).
Trade: At close of the confirmed candle.